Closing a business, recovery rate in North Africa
North Africa: Closing a business, recovery rate was 32.58 cents on the dollar in 2012. ▼ Falling
Closing a business, recovery rate in North Africa, 2003–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in cents on the dollar.
Analysis
North Africa recorded 32.58 cents on the dollar for closing a business, recovery rate in 2012.
Compared with earlier readings it is down 2.1% on the previous year and down 8.9% over ten years.
Over the whole period, closing a business, recovery rate in North Africa peaked at 36.42 cents on the dollar in 2004 and was at its lowest, 32.06 cents on the dollar, in 2005.
Closing a business, recovery rate in North Africa, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 35.75 cents on the dollar | — |
| 2004 | 36.42 cents on the dollar | +1.9% |
| 2005 | 32.06 cents on the dollar | -12.0% |
| 2006 | 32.1 cents on the dollar | +0.1% |
| 2007 | 32.2 cents on the dollar | +0.3% |
| 2008 | 32.36 cents on the dollar | +0.5% |
| 2009 | 32.36 cents on the dollar | +0.0% |
| 2010 | 32.96 cents on the dollar | +1.9% |
| 2011 | 33.28 cents on the dollar | +1.0% |
| 2012 | 32.58 cents on the dollar | -2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.32 cents on the dollar | 32.06 cents on the dollar | 36.42 cents on the dollar | 7 |
| 2010s | 32.94 cents on the dollar | 32.58 cents on the dollar | 33.28 cents on the dollar | 3 |
Countries ranked near North Africa
More private sector data for North Africa
- Minimum capital for starting a business 82.2% (2012)
- Enforcing contracts, cost 25.8% (2012)
- Getting credit, legal rights index 2.6 (2012)
- Cost of registering property 6.5% (2012)
- Closing a business, time 2.96 years (2012)
- Closing a business, cost 14.4% (2012)
- Protecting investors, director liability index 4 (2012)
- Protecting investors, investor protection index 4.78 (2012)
- Protecting investors, shareholder suits index 4.2 (2012)
- Dealing with construction permits, cost 537.9% (2012)
Frequently asked questions
- What is closing a business, recovery rate in North Africa?
- Closing a business, recovery rate in North Africa was 32.58 cents on the dollar in 2012, according to World Bank, Doing Business project (http://www.doingbusiness.org/).
- What is the highest closing a business, recovery rate recorded in North Africa?
- The highest recorded value was 36.42 cents on the dollar in 2004.
- What is the lowest closing a business, recovery rate recorded in North Africa?
- The lowest recorded value was 32.06 cents on the dollar in 2005.
- How does North Africa rank for closing a business, recovery rate?
- North Africa ranks 1st out of 6 groups with data for 2012.
- Is closing a business, recovery rate rising or falling in North Africa?
- Over the last ten years it is down 8.9%. The long-run trend across the full record is falling.
- Where does this North Africa data come from?
- The figures come from World Bank, Doing Business project (http://www.doingbusiness.org/), published as part of Closing a business, recovery rate (cents on the dollar). Statizoid updates them automatically from the source API.
Download this data
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About this data
The recovery rate is recorded as cents on the dollar recouped by creditors through the bankruptcy or insolvency proceedings. The calculation takes into account whether the business emerges from the proceedings as a going concern as well as costs and the loss in value due to the time spent closing down. If the business keeps operating, no value is lost on the initial claim, set at 100 cents on the dollar. If it does not, the initial 100 cents on the dollar are reduced to 70 cents on the dollar. Then the official costs of the insolvency procedure are deducted (1 cent for each percentage of the initial value). Finally, the value lost as a result of the time the money remains tied up in insolvency proceedings is taken into account, including the loss of value due to depreciation of the hotel furniture. Consistent with international accounting practice, the depreciation rate for furniture is taken to be 20%. The furniture is assumed to account for a quarter of the total value of assets. The recovery rate is the present value of the remaining proceeds, based on end-2006 lending rates from the International Monetary Fund’s International Financial Statistics, supplemented with data from central banks. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.